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Watsco WSO · USD

Industrials · US listing · 🇺🇸 United States

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316.42

+3.97%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$7.24bn

FY2016FY2025

Net income

$497.0m

FY2016FY2025

Free cash flow

$535.1m

FY2016FY2025

Shareholders' equity

$2.78bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$7.24bn$7.62bn$7.28bn$7.27bn$6.28bn$5.05bn$4.77bn$4.55bn$4.34bn$4.22bn
Gross profit$2.03bn$2.04bn$1.99bn$2.03bn$1.67bn$1.22bn$1.16bn$1.12bn$1.07bn$1.03bn
Operating income$692.6m$781.8m$794.8m$831.6m$628.5m$401.0m$366.9m$372.1m$353.9m$345.6m
Net income$497.0m$536.3m$536.3m$601.2m$418.9m$269.6m$245.9m$242.9m$208.2m$182.8m
Diluted earnings per share13.1014.2113.6015.5110.786.996.436.485.595.15

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$4.46bn$4.53bn$3.73bn$3.49bn$3.09bn$2.50bn$2.56bn$2.16bn$2.05bn$1.87bn
Cash and short-term investments$733.3m$781.9m$210.1m$147.5m$118.3m$146.1m$74.5m$82.9m$80.5m$56.0m
Total liabilities$1.23bn$1.47bn$1.11bn$1.24bn$1.09bn$717.2m$841.4m$559.3m$495.9m$622.9m
Debt$15.9m$21.8m$32.3m$71.3m$100.8m$6.4m$158.9m$136.0m$22.3m$235.8m
Shareholders' equity$2.78bn$2.66bn$2.23bn$2.25bn$2.00bn$1.78bn$1.71bn$1.60bn$1.55bn$1.25bn
Shares outstanding38m38m39m39m39m39m38m37m37m36m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$569.6m$773.1m$562.0m$572.0m$349.6m$534.4m$335.8m$170.6m$301.8m$277.8m
Capital spending−$34.5m−$30.1m−$35.5m−$33.8m−$24.1m−$16.3m−$16.4m−$17.2m−$17.9m−$43.6m
Free cash flow$535.1m$743.0m$526.5m$538.2m$325.5m$518.0m$319.3m$153.4m$284.0m$234.2m
Dividends paid−$473.8m−$423.5m−$382.6m−$332.4m−$294.5m−$265.7m−$241.4m−$209.2m−$164.1m−$127.6m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$2.10bn$1.53bn$1.58bn$2.07bn$2.06bn$1.53bn$1.75bn$2.16bn
Gross profit$578.9m$427.6m$428.4m$594.8m$603.5m$429.6m$468.1m$566.2m
Operating income$238.4m$110.2m$95.8m$234.8m$271.9m$112.2m$136.2m$250.2m
Net income$163.3m$79.1m$71.7m$161.6m$183.6m$80.1m$96.8m$171.0m
Diluted earnings per share4.292.081.894.264.842.112.574.53
Cash from operations−$2.0m−$18.0m$399.0m$354.0m−$7.0m−$177.0m$378.0m$232.0m
Capital spending−$8.0m−$6.0m−$10.0m−$8.0m−$6.0m−$7.0m−$8.0m−$9.0m
Free cash flow−$10.0m−$24.0m$389.0m$346.0m−$13.0m−$184.0m$370.0m$223.0m
Total assets$5.08bn$4.65bn$4.46bn$4.55bn$4.73bn$4.45bn$4.53bn$4.52bn
Cash and short-term investments$464.2m$592.7m$733.3m$524.3m$293.0m$431.8m$781.9m$550.0m
Debt$119.7m$117.7m$128.2m$129.3m$129.5m$127.2m$125.7m$122.9m
Shareholders' equity$2.99bn$2.76bn$2.78bn$2.81bn$2.76bn$2.67bn$2.66bn$2.70bn

Financial ratios

Data as of 30 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin28.0%26.8%27.4%27.9%26.6%24.2%
Operating margin9.6%10.3%10.9%11.4%10.0%7.9%
Net margin6.9%7.0%7.4%8.3%6.7%5.3%
Return on equity17.9%20.2%24.1%26.7%21.0%15.1%
Return on assets11.2%11.8%14.4%17.2%13.6%10.8%
Free cash flow yield5.3%7.1%5.0%5.2%3.2%4.7%
Revenue growth-5.0%4.6%0.1%15.8%24.2%6.0%
Earnings growth-7.3%-0.0%-10.8%43.5%55.4%9.6%
Current ratio4.12x3.13x3.36x2.54x2.70x3.00x
Debt to equity0.04x0.04x0.05x0.17x0.19x0.12x
Equity ratio62.4%58.6%59.8%64.5%64.7%71.3%
Interest coverage24.94x37.46x161.55x384.10x631.05x323.68x
Buybacks as a share of market value-0.5%4.3%-1.8%0.3%-0.7%-0.9%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-0.2%7.4%5.8%
Operating income-5.9%11.5%7.5%
Net income-6.1%13.0%11.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin27.4%27.5%27.0%26.1%
Operating margin9.9%10.5%10.1%9.4%
Net margin7.0%7.4%7.0%6.2%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings25.733.431.516.129.032.428.021.530.428.8
Price to sales1.82.42.31.31.91.71.41.11.51.3

Market value over time

31 Oct 2016 to 29 Sept 2026, in USD

$4.88bn$11.45bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return-29%15%68%-16%30%28%28%-16%12%30%

Dividends and splits

Per share, in the currency the company pays

Paid for 35 years. Last went ex-dividend on 16 Oct 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year12.9011.7010.559.808.557.6256.9256.40
  • 3-for-2 split · 17 Aug 1998
  • 3-for-2 split · 17 Jun 1996
  • 3-for-2 split · 16 May 1995
  • 21-for-20 split · 9 Apr 1992

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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